e.l.f. Beauty, Inc. (NYSE:ELF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.67.

Several research firms have issued reports on ELF. Cowen lowered e.l.f. Beauty from an “outperform” rating to a “market perform” rating in a report on Friday, August 12th. They noted that the move was a valuation call. Bank of America began coverage on e.l.f. Beauty in a research note on Wednesday, September 14th. They issued a “buy” rating and a $45.00 price objective for the company. Cowen lowered e.l.f. Beauty from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Friday, August 12th. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $30.00 to $35.00 in a research note on Thursday, July 21st. Finally, Morgan Stanley upped their price objective on e.l.f. Beauty from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 35,389 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,062,731.67. Following the sale, the insider now directly owns 121,786 shares in the company, valued at $3,657,233.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, insider Kory Marchisotto sold 57,550 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $39.97, for a total transaction of $2,300,273.50. Following the sale, the insider now directly owns 159,400 shares in the company, valued at $6,371,218. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mandy J. Fields sold 35,389 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $30.03, for a total value of $1,062,731.67. Following the sale, the insider now owns 121,786 shares in the company, valued at $3,657,233.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 542,746 shares of company stock valued at $19,538,088. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Maryland State Retirement & Pension System raised its holdings in shares of e.l.f. Beauty by 2.4% in the first quarter. Maryland State Retirement & Pension System now owns 19,364 shares of the company’s stock worth $500,000 after buying an additional 457 shares during the period. Advisor Group Holdings Inc. grew its stake in e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after purchasing an additional 476 shares in the last quarter. Teacher Retirement System of Texas grew its stake in e.l.f. Beauty by 6.5% in the first quarter. Teacher Retirement System of Texas now owns 9,664 shares of the company’s stock worth $250,000 after purchasing an additional 593 shares in the last quarter. Texas Permanent School Fund grew its stake in e.l.f. Beauty by 2.0% in the second quarter. Texas Permanent School Fund now owns 34,658 shares of the company’s stock worth $1,063,000 after purchasing an additional 663 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in e.l.f. Beauty by 6.0% in the second quarter. Arizona State Retirement System now owns 13,419 shares of the company’s stock worth $412,000 after purchasing an additional 761 shares in the last quarter. 94.61% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $39.82 on Thursday. The stock has a 50-day simple moving average of $36.39 and a two-hundred day simple moving average of $29.40. e.l.f. Beauty has a 52-week low of $20.49 and a 52-week high of $41.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 3.51. The firm has a market capitalization of $2.09 billion, a PE ratio of 75.13 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELFGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. e.l.f. Beauty had a return on equity of 10.95% and a net margin of 6.69%. The business had revenue of $122.60 million during the quarter, compared to analyst estimates of $109.42 million. Analysts forecast that e.l.f. Beauty will post 0.63 EPS for the current year.

About e.l.f. Beauty

(Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.

Further Reading

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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